Remittance inflows jump nearly 24% to Rs 436 billion in two months
Summary
Nepal’s remittance inflows rose 23.9 percent to Rs 436.36 billion in the first two months of the fiscal year, reaching $2.85 billion in foreign currency terms. First-time foreign employment approvals fell, while re-entry labour approvals increased.
Key Points
- Nepal received Rs 436.36 billion in remittances in the first two months of the fiscal year, up 23.9 percent year-on-year.
- The inflows amounted to $2.85 billion, though growth was slower than the 33.1 percent increase seen in the same period last year.
- First-time approvals for foreign employment declined to 78,320 from 90,198 a year earlier.
- Approvals for workers returning abroad after previous employment rose to 52,163.
